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Sun, Jul 05, 2026 09:55 PM All times are UTC

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European leaders gather this week to discuss the impact of the Brexit vote

Jun 27, 2016 14:53 pm UTC| Commentary

Meeting for emergency talks in Berlin, EU states have urged Britain to leave the union as soon as possible, however, there is little they could immediately do to force Britain to speed up the pace of its departure from the...

Swiss National Bank makes intentions clear to curb excessive franc appreciation

Jun 27, 2016 14:17 pm UTC| Commentary

The safe-haven franc rose to its highest level against the euro since August 2015 after UKs vote to leave the EU shook markets. It was the biggest one-day jump since the Swiss National Bank removed its franc peg to the...

Enormous US dollar gains prompt surprise yuan devaluation by PBoC

Jun 27, 2016 14:05 pm UTC| Commentary

A sudden Chinese yuan devaluation triggered sell-off in risky assets across markets today. PBOC sets USD/CNY at 6.6375 vs 6.5776, which translates into the weaker fix (-0.9%), lowest since the August 2015 devaluation of...

China’s growth momentum starting to fade, brings closer timing of a RRR cut

Jun 27, 2016 13:35 pm UTC| Commentary

After a strong rebound in March, recent data flow suggests that Chinas growth momentum has started to fade. Data released earlier today showed that industrial profits at large firms in China rose 3.7 percent year-on-year...

Canadian bonds gain as crude prices ease on Brexit win

Jun 27, 2016 12:55 pm UTC| Commentary

The Canadian government bonds gained on Monday after Britain voted to leave the European Union in a referendum after 43 years of membership in the bloc on Friday. Also, tumbling crude oil prices drove investors towards...

Danish trade surplus likely to be slightly lower in 2016, 2017

Jun 27, 2016 12:51 pm UTC| Commentary Economy

Denmark has been recording a decent current account surplus. This is partially due to quite a limited corporate investment appetite keeping imports low. But the sizeable surplus is also because of the countrys huge net...

US Treasuries gain as Fed seen to delay rate hike after Brexit vote

Jun 27, 2016 12:39 pm UTC| Commentary

The US Treasuries complex strengthened Monday on unexpected Brexit vote and it is set to hit 4-year intraday low of 1.40 percent. Also, the probability that the Federal Reserve will tighten this year has tumbled to 15...

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Economy

Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb

Russian stocks closed mixed on Sunday, with the benchmark MOEX Russia Index finishing unchanged at 0.00% while remaining at its lowest level in three years. Despite the flat performance of the overall index, individual...

Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027

Goldman Sachs has raised its USD/JPY exchange rate forecasts, predicting the Japanese yen will remain under pressure as elevated U.S. Treasury yields, limited recession risks in the United States, Japans fiscal concerns,...

Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch

Most Asian currencies edged higher on Friday after the U.S. dollar retreated from a 13-month high following weaker-than-expected U.S. nonfarm payrolls data, raising fresh questions about the Federal Reserves interest rate...

Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions

Asian stock markets rebounded sharply on Friday as investors returned to technology shares following a week of heavy selling, while easing geopolitical tensions and growing expectations of Federal Reserve interest rate...

Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook

Oil prices edged lower on Friday as improving global crude supplies and expectations of near-term oversupply continued to pressure the market, while traders reduced bearish positions ahead of the U.S. holiday weekend....

Politics

Trump Administration Proposes Repeal of 702 Federal Regulations in Major Deregulation Push

The Trump administration is moving forward with one of its largest deregulation efforts, proposing to eliminate 702 federal regulations across multiple government agencies as part of its latest semiannual regulatory...

Iran Holds State Funeral for Ali Khamenei as Security Fears Shape Succession

Millions of Iranians gathered in Tehran on Saturday for the state funeral of slain Supreme Leader Ali Khamenei, while authorities confirmed that his son and successor, Ayatollah Mojtaba Khamenei, would not lead funeral...

Trump Offers to Help Advance Ukraine Peace Talks in Call With Putin

U.S. President Donald Trump told Russian President Vladimir Putin that Washington remains ready to help advance efforts to end the war in Ukraine during a phone call that lasted nearly 90 minutes, according to Kremlin aide...

UN Warns of Looming Human Rights Catastrophe in Sudan’s Al-Obeid

The United Nations has warned that a new human rights catastrophe is unfolding in Sudan as fighting intensifies around the besieged city of al-Obeid, the capital of North Kordofan state. U.N. High Commissioner for Human...

Amy Coney Barrett Faces Conservative Backlash After Key Supreme Court Rulings Against Trump

U.S. Supreme Court Justice Amy Coney Barrett has drawn criticism from some conservatives after joining decisions that blocked several major priorities of President Donald Trump during the courts latest term. Although...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds

Anthropic is strengthening measures to prevent unauthorized access to its artificial intelligence services from China after discovering that several Chinese companies had allegedly bypassed its restrictions, according to a...

Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round

Hong Kong-listed shares of Kuaishou Technology (HK:1024) climbed more than 6% on Thursday after its spun-off artificial intelligence business, Kling AI, secured an initial $2 billion in venture capital funding to...

Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment

Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg has acknowledged that the companys progress in developing artificial intelligence (AI) agents has been slower than expected, despite Metas aggressive investment in AI...

Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan

Kioxia is set to mark a major milestone on Friday with a ceremony at its manufacturing facility in northern Japan as the company prepares to begin mass production of its next-generation NAND flash memory chips. The move...

OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks

OpenAI has reportedly proposed granting the U.S. government a 5% ownership stake in the artificial intelligence company as it seeks to strengthen ties with Washington and address growing political scrutiny over the rapidly...